College students often graduate with large debts, for example, medical students usually owe more than $150,000 when they graduate. If you are a student, did you ever think what happens if you die and your family or spouse has to pay for your student loans? This is a great burden to leave someone.
One way to avoid this potential problem is to obtain a term life insurance policy payable to your spouse or family member – this person will then pay off your loan in case of your death.
Life Insurance Quotes for College Students
Students are usually at an age when life insurance is very affordable and easy to get, so the extra costs will be insignificant. For example, a 28-year-old male, non-smoker, in good health, can get a 20-year term life insurance policy in the amount of $200,000 for as little as $15 per month.
So, don’t procrastinate any longer and get a quote for life insurance for college students. It is a very insignificant cost compared to what you pay for textbooks, college tuition, or even beer money.
It’s not surprising why students don’t think about getting life insurance coverage – they are at their prime, are healthy, and feel invincible. But illnesses (i.e. cancer, heart disease) and accidents can strike at any time.
As principal licensed life insurance agent Bennett Bier has helped 1000’s of people purchase life insurance online & over the phone. During his career he has become the go to expert for securing hard to place term and permanent life insurance policies for clients across the nation. With his wealth of knowledge of each life insurance carrier’s products and underwriting he provides honest answers and advice to every client. Bennett Bier and his team will work tirelessly to successfully secure the coverage your family deserves.
All content on this site has been written by life insurance experts & licensed life insurance agents.